How to reflect a Subordination in Ventures (504)
This KB article will show you how to represent a subordination in the Financing Menu of a 504 loan. * In the **Financing** Menu, go the the **Financing **Tab * Click on TPL record ![][1] * Update the **Lender** and Lender **Contact** Field record to reflect the new TPL and contact * You will leave the foll…
Where do I input the Lender Contacts?
Lender Contacts are selected and/or created from within your Lender record in the **Financing **> **Financing **tab. For **Contacts** that have already been created start typing a portion of the person's name and the drop-down will display his/her name for you to select. If your **Contact** does not already exist for …
Project Costs Sources and Uses for 7a and Commercial Platform Loan Types
We suggest starting your data input with the Financing > Financing tab 1st. **Financing** > **Financing **tab**: **Add the Financing Source(s) - adding your Financing Source(s) amounts will unlock the Sources and Uses fields within the Project Costs tab **Project Costs** tab: **Add** the Project Cost Type(s) Compl…
Financing Menu: Estimated Monthly Payments, Term, Amortization, and Interest Only Months Explained
You will find the **Loan Terms** section in the **Financing Menu** > **Financing Tab**, housing the _Estimated Monthly Payment, Term Months, Amortization Months, _and_ Interest-Only Months_ fields, depending on loan category type: * **504 category loan** > TPL record * **7A/Commerical category loans** > Primary …
Customizing Project Costs
Site Administrators can customize the drop-down options available within the **Financing **> **Project Costs** tab for the various loan types they may have within their organization. To customize: * Click on **Administration.** * Click on **Reference .** * Click on **Loan.** * Click on **Cost Types.** * Cli…
Project Financing Sources do not total 100.00% (SBA 504)
## **Important: SBA suggests rounding the Project Costs to the nearest thousand to avoid getting into the Rounding situation.** ## **Q: My Financing screen shows the breakdown of my 504 loan but the total does not equal 100.00%. It is currently showing 99.99% or 100.01%.** When putting together the structure of your…
